Latest News
- Looking forward, WhiteWater redefines leadership team
- Mad Systems announces addition of Toni Losier to business development team
- Museums Evolving conference goes virtual for second year in a row due to COVID-19 pandemic
- Whitney Hines joins Luci Creative as Senior Project Manager
- David Gillig joins San Diego Zoo Global as chief philanthropy officer
- Design Silverfish uses Christie projectors to immerse visitors in South Korean culture
- Ocubo selects AV Stumpfl’s PIXERA media server software for Immersivus 3D art installation in Lisbon
- Editorial: Current events and the US attractions industry
Hasbro purchases global media producer Entertainment One
ABOVE: Entertainment One’s preschool franchise Peppa Pig. Courtesy Entertainment One.
Hasbro, Inc. announced that it has completed its previously announced acquisition of Entertainment One Ltd. (eOne), adding well known global brands and expanding storytelling through immersive entertainment experiences.
eOne’s robust network includes international feature film distribution company Sierra/Affinity; Amblin Partners with DreamWorks Studios, Participant Media, and Reliance Entertainment; Makeready with Brad Weston; unscripted television production companies Whizz Kid Entertainment, Renegade 83, Daisybeck and Blackfin; live entertainment leaders Round Room Live; world-class music labels Dualtone Music Group and Last Gang; innovative music platform Audio Network; and award-winning emerging content and technology studio Secret Location.
The Company’s rights library, valued at US$2.1 billion (as at 31 March 2019), is exploited across all media formats and includes about 80,000 hours of film and television content and approximately 40,000 music tracks.
“We are excited about what we can do together and see tremendous opportunity for shareholder value creation through this acquisition,” said Brian Goldner, Hasbro chairman and chief executive officer. “Our businesses are highly complementary with substantial synergies and a great cultural fit. The addition of eOne accelerates our blueprint strategy by expanding our brand portfolio with eOne’s beloved global preschool brands, adding proven TV and film expertise, and creating additional opportunities for long-term profitable growth. We are pleased to welcome the incredibly talented eOne team to our Company.”
Darren Throop, president and chief executive officer of eOne, will report to Goldner. In addition, eOne’s Olivier Dumont, president, family & brands, Steve Bertram, president, film & television, and Chris Taylor, global president, music, will also be joining Hasbro, reporting to Throop.
The all-cash transaction is valued at approximately £2.9 billion, based on the consideration of £5.60 per common share of eOne. Converted at a rate of 1.31 USD/GBP on December 30, 2019, the total cash consideration was approximately US$3.8 billion. Hasbro also expects to redeem eOne’s outstanding senior secured notes and to pay off the debt outstanding under eOne’s revolving credit facility, which together represent approximately £0.6 billion of eOne’s indebtedness.
Share this:
Related articles
More in this category
Latest Issue
Leads & Opportunities
-
Cedar Fair seeks Corporate Director, Communications The position will lead strategy development and execution... -
Pursuit seeks Financial Analyst, FP&A This role will focus on all aspects of financial planning... -
AOA seeks Show Set Designer There will be a great deal of freedom, which will be... -
Visualization firm THE THIRD FLOOR has openings for a... THE THIRD FLOOR is currently seeking Postvis Generalists,... -
CineVenture seeks 3D character animator CineVenture develops high-end content for the global...
